DSV, 333 - Agreement on joint ownership of DFDS A/S cancelled

STOCK EXCHANGE ANNOUNCEMENT NO. 333

 
Agreement on joint ownership of DFDS A/S cancelled 

 
As disclosed in stock exchange announcement No. 317 of 13 January 2009, a
conditional agreement had been concluded between Vesterhavet A/S and DSV A/S
("DSV") on joint ownership of the controlling interest of approx. 56% of the
share capital and voting rights in DFDS A/S, a listed shipowning company owned
so far by Vesterhavet A/S. It was intended that the joint ownership was to be
established by DSV's acquisition of shares in the newly incorporated holding
company Vesterhavet-DSV Holding A/S. 

As mentioned in stock exchange announcement No. 332 of 12 June 2009, the
competition authorities have decided that the transaction cannot be approved in
phase I despite certain undertakings proposed by the parties, and that it has
now been taken into phase II proceedings. 

The parties find that the said transaction would not give rise to any
competitive problems, but have decided, in view of the decision of the
competition authorities, not to go through extensive phase II proceedings.
Accordingly, the parties have reached consensus to cancel the agreement on
joint ownership. 

Moreover, the decision of DSV's Supervisory Board to increase the capital
according to the powers granted in the Articles of Association has been
cancelled. 

Any questions may be addressed to Kurt K. Larsen, Chairman of the Supervisory
Board, tel. +45 40 55 82 11, or Jens Bjørn Andersen, CEO, tel. +45 43 20 30 40. 


Yours sincerely,
DSV

Kurt K. Larsen			Jens Bjørn Andersen
Chairman of the Supervisory Board		CEO